Exploration & Production

Asian consortium, Shell in talks to develop liquefaction plant

With Asian customers forced to pay record LNG prices, a consortium of Asian companies have entered into talks with Royal Dutch Shell to jointly develop a liquefaction plant in Western Canada, sourcing gas from their shale assets, The Nikkei reported on Thursday.
By James Byrne 13 April 2012 0 9040

With Asian customers forced to pay record LNG prices, a consortium of Asian companies have entered into talks with Royal Dutch Shell to jointly develop a liquefaction plant in Western Canada, The Nikkei reported on Thursday.

The companies involved are Mitsubishi, China National Petroleum Corp., Kogas and Shell, which aim to jointly construct a 12 million tons per annum (mtpa) plant that would export LNG west, according to the Japanese paper.

A source with Japan Oil, Gas and Metals National Corp. (JOGMEC) confirmed to Interfax on Friday that the plan was...